Third Parties Compliant with Desired Standards
Percentage
The percentage of third parties (like suppliers, vendors, or partners) that meet the organization's compliance standards, such as ISO 27001 or SOC 2. Ensuring third parties are compliant helps reduce risk and ensures that the company's compliance standards are upheld throughout the supply chain.
Formula
(Number of third parties that meet the required standards / Total number of third parties) x 100
Example
If 36 out of 40 third parties adhere to the company's desired compliance standards, the KPI would be 90%.